Skip Ribbon Commands
Skip to main content

 

 

Clarifications<p>From time to time, members may come across claims or assertions about the CPF that are incorrect. We have placed the following materials on this page to help members separate fact from fallacy, and gain a better understanding of the CPF system. You can also find more information at our <a href="/Members/Schemes">CPF Schemes</a> section and at the <a href="/members/faq/schemes/retirement/cpf-life">Frequently Asked Questions</a> section.</p><p> </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>9 September 2019</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/no-truth-to-allegation-that-most-of-his-CPF-funds-were-transferred-to-MediSave-without-authorisation-his-Retirement-Account-had-already-been-depleted-following-monthly-payouts-to-him-since-2013">No truth to allegation that most of his CPF funds were transferred to MediSave without authorisation. His Retirement Account had already been depleted following monthly payouts to him since 2013</a></p></h2><p>Mr Michael Toh Thiam Hock claims that most of his CPF savings had been transferred to MediSave without his authorisation. This is not true. If there were such transfers, it would appear on his CPF statements.</p><p>In February 2019, in response to Mr Michael Toh’s allegation that his CPF savings were locked up, we had informed him that although he does not have enough CPF savings to meet his cohort Basic Retirement Sum, he is eligible to make a withdrawal of about $10,000 from his Ordinary Account (OA) and Special Account savings...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>7 August 2019</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/industry-practice-to-treat-person-as-alive-till-receipt-of-death-certification-from-ICA">Industry practice to treat person as alive till receipt of death certification from ICA</a></p></h2><p>You may have come across a Facebook post by Ms Emily Boo (also known on Facebook as "Ms Yukimi Wu") lamenting that her father who has been missing for 23 years, continued to have his MediShield Life premiums deducted. </p><p style="text-align:justify;">We empathise with "Ms Wu" and the situation that her family is facing. Our record shows that neither Ms Boo nor any of Mr Boo's family members have approached the CPF Board (CPFB) for assistance on this matter. We have reached out to Ms Boo to explain the steps to declare her father as deceased...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>12 July 2019</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/Joint-MOH-CPFB-statement-on-Mr-Suriia-Das-request-to-use-his-CPF-savings-for-his-wife-cancer-treatment">Joint MOH-CPFB statement on Mr Suriia Das’ request to use his CPF savings for his wife’s cancer treatment</a></p></h2><p>We would like to clarify online stories alleging that Mdm Sarojini was forced to seek treatment at Parkway Cancer Centre (PCC) and Mount Elizabeth Hospital (MEH) and not the National University Hospital (NUH) because those were the only medical institutions that gave her the hope that she will survive. To help his wife, Mr Suriia Das is appealing for his CPF retirement savings to be used for her medical expenses. It is important to make the following information public because of the misleading information that had been put out…</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr></tr></tbody></table><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>28 June 2019</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/response-to-online-posts-about-Mr-Lim-Koh-Leong-not-able-to-use-CPF-for-daughter-education">Response to online posts about Mr Lim Koh Leong not being able to use his CPF for his daughter’s education</a></p></h2><p>Mr Lim visited the Woodlands Service Centre on 26 June 2019 to request to use his CPF savings for his daughter’s school fees. </p><p>To safeguard their retirement savings, members aged 55 and above can use their Ordinary Account savings for education, only after they have set aside their Full Retirement Sum, or Basic Retirement Sum (with property)…</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>26 June 2019</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/response-to-online-posts-about-Mr-Desmond-Phua-claims-that-he-was-unaware-of-joining-CPF-LIFE">Response to online posts about Mr Desmond Phua’s claims that he was unaware of joining CPF LIFE</a></p></h2><p>As announced in Parliament in 2012 and widely publicised in the media, CPF LIFE is mandatory for members born from 1958. It provides members with a regular stream of income for as long as they live so they do not risk outliving their savings. </p><p>Like those in Mr Phua’s cohort who turned 55 in 2015, Mr Phua was sent two letters inviting him to select his CPF LIFE plan...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>4 April 2019</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/response-to-online-post-by-Valerie-Chan-asking-why-she-cannot-freely-use-her-CPF-for-tertiary-education">Response to online post by “Valerie Chan” asking why she can't freely use her CPF for tertiary education</a></p></h2><p>You might have seen a post by “Valerie Chan” asking why she can't freely use her CPF for her tertiary education. There is no CPF member with the name matching her situation.</p><p>As “Valerie” stated, CPF is for retirement. Students who use CPF for their education are notified upfront of the refund requirement...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>13 Mar 2019</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/response-to-Mdm-Carena-Tan-appeal-to-withdraw-her-CPF-for-son-alternative-medical-treatment-overseas">Response to online article involving Mdm Carena Tan who appealed to withdraw her CPF for her son’s alternative medical treatment overseas</a></p></h2><p>You may have come across an article circulating online involving Mdm Carena Tan, who appealed to withdraw her CPF for her son’s alternative medical treatment overseas.</p><p>Mdm Tan is 56 years old, and had drawn out part of her CPF last year. Her son is 25 years old. It is important for Mdm Tan to preserve her CPF savings because these are needed for herself and son later on...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>1 Mar 2019</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/response-to-online-posts-about-Mr-Michael-Toh-payout-ending-May-2019-though-has-67562-in-CPF">Response to online posts about Mr Michael Toh's payout ending in May 2019 though he has $67,562 in CPF</a></p></h2><p>We’ve contacted the member, Mr Michael Toh, to explain that most of his CPF savings are in his MediSave Account, which can be withdrawn to help with major healthcare expenses as members age. For other needs, Mr Toh can withdraw savings from his Ordinary Account and Special Account (SA)...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>31 Jan 2019</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/retirement-sum-scheme-payout-duration">Response to online article about a member's CPF Retirement Sum Scheme payout period lasting 28 years</a></p></h2><p>You may have seen an article circulating online about a member’s CPF Retirement Sum Scheme payout period lasting 28 years.</p><p>It’s increasingly common for Singaporeans to live to their 80s and 90s. Making payouts last longer protects CPF members from outliving their savings...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>19 Jan 2019</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/no-change-to-cpf-payout-eligibility-age-of-65">No change to CPF payout eligibility age of 65</a></p></h2><p>You may have come across social media posts and messages that claim that the Government has quietly shifted the “retirement payout age” to 70 for the Retirement Sum Scheme (RSS). This is not true and here are the facts...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>20 Oct 2018</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/response-to-post-by-Mdm-Rahayu-bte-Mazlan-regarding-unclaimed-CPF-monies-received-as-nominee">Response to a Facebook post by Mdm Rahayu bte Mazlan regarding the unclaimed CPF monies she received as a nominee</a></p></h2><p>In response to a Facebook post by Mdm Rahayu bte Mazlan regarding the unclaimed CPF monies she received as a nominee, we would like to clarify that the CPF Board, upon being informed of a member’s death, acts promptly to invite the nominee(s) to make a claim on the deceased’s CPF savings...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>19 Oct 2018</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/quick-facts-on-housing-withdrawals-cpflife">Quick facts on housing, withdrawals and CPF LIFE</a></p></h2><p>You may have come across articles giving you misleading information about CPF. Here are some quick facts to help you separate fact from fallacy...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>17 Sep 2018</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/3-things-you-should-know-about-cpf-nomination-scheme">CPF savings are distributed in cash to nominees by default, and are not automatically deposited into MediSave Account</a></p></h2><p>From time to time, messages or rumours are circulated on social media that when we pass away, our CPF savings will be automatically deposited into our nominees’ Medisave Account. This is not true...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>28 Aug 2018</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/4-facts-you-should-know-about-cpf-life">Reply to “CPF LIFE eats all your % if you die early?”</a></p></h2><p>A misleading post titled "CPF LIFE eats all your interest if you die early? How many know this?” has been posted online. Read on to get your facts on CPF LIFE...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>25 Aug 2018</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/3-important-things-to-know-when-you-sell-your-house-financed-with-CPF-savings-after-55-years-old">3 important things to know when you sell your house financed with CPF savings after 55 years old</a></p></h2><p>You might have seen a message asking why you need to return your CPF monies after selling your house. Here are 3 important things to know when you sell your house financed with CPF savings after 55 years old...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>18 Aug 2018</p><h2><p> <a class="cpf-titlelink" href="/Members/AboutUs/about-us-info/cpf-clarifies/clarifications/5-facts-you-should-know-about-CPF">Reply to “Dear CPF Board, you are the appointed agency to manage my retirement fund”</a></p></h2><p>You might have seen online posts or messages that begin with “Dear CPF Board, you are the appointed agency to manage my retirement fund …” and are signed off by “Your Friend”. These posts and messages are misleading...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>9 Aug 2018</p><h2><p> <a class="cpf-titlelink" href="/Assets/common/PublishingImages/Common%20Images/REPLY_to_A_very_well_written_letter_to_CPF_Board.jpg" target="_blank">Reply to "A Very Well Written Letter to CPF Board"</a> (JPG, 0.5MB)</p></h2><p>You might have seen a message that begins with “Interesting read: - A very well written letter to CPF Board”. It may be interesting but it’s misleading...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>30 May 2018</p><h2><p> <a class="cpf-titlelink" href="https://www.facebook.com/CPFBoard/photos/a.71363925922.107143.70638270922/10156103918585923/?type=3" target="_blank">What happens when you sell your house at age 55 and above?</a></p></h2><p>After I turn 55, what happens when I sell my property previously financed with CPF savings?</p><p>To help you set aside savings for your retirement, a portion of your sales proceeds will be refunded to your CPF when you sell your property to restore your CPF savings to what it would have been if your OA savings had not been withdrawn to pay for your house...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>2 Apr 2018</p><h2><p> <a class="cpf-titlelink" href="https://www.facebook.com/CPFBoard/photos/a.71363925922.107143.70638270922/10155975802635923/?type=3" target="_blank">How would my nominees receive my CPF savings?</a></p></h2><p>Made a CPF nomination and wondering if your CPF savings will be paid in cash to your nominees or transferred to your nominees’ CPF accounts? By default, your nominees will receive CPF savings due to them in cash, via cheque or bank transfer...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>19 Jan 2018</p><h2><p> <a class="cpf-titlelink" href="https://www.gov.sg/factually/content/did-the-government-secretly-increase-the-cpf-retirement-sums" target="_blank">Did the Government secretly increase the CPF Retirement Sums?</a></p></h2><p>Several online articles have claimed that there has been a “secret CPF policy change” to increase the CPF Retirement Sum to S$181,000 by 2020. This is hardly a secret and was in fact publicly announced in 2015...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>17 Jun 2017</p><h2><p> <a class="cpf-titlelink" href="https://www.gov.sg/factually/content/what-happens-to-your-cpf-savings-when-you-pass-away" target="_blank">What happens to your CPF savings when you pass away?</a></p></h2><p>There is a message making its rounds on WhatsApp, SMS and social media claiming that your CPF savings will be transferred to your nominee’s Medisave account by default when you pass away. There is absolutely no basis to this rumour...</p></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>15 May 2016</p><h2><p> <a class="cpf-titlelink" href="https://www.gov.sg/factually/content/are-cpf-funds-mismanaged" target="_blank">Are CPF funds mismanaged?</a></p></h2><p>There have been a few online articles recently relating to the management of CPF monies. One article alleged that our CPF has been “seriously mismanaged” by the CPF CEO. The article led some netizens to allege that the Government is “robbing” CPF members of their hard-earned money...</p></td></tr></tbody></table> <br>ClarificationsTrueFalseTrue

Your session will be terminated soon. Click 'OK' to continue or 'Cancel' to Logout.

 

Your screen width is too small to display

Please adjust the width of your browser or use a desktop machine for a better web experience.

Thank you.